ICICI Home Finance launches “SARAL” scheme for affordable house loan

ICICI Home Finance Company Limited (HFC) has launched “SARAL” scheme for a special affordable house loan for urban and rural areas. The beneficiaries are women, lower, middle-income customers and economically weaker sections, with a maximum household income up to Rs 6 lakh per annum.

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About SARAL Scheme:

The loan requires compulsory ownership of a woman in the country’s rural areas from Rs 3 lakh to Rs 6 lakh. The maximum limit of the loan is Rs 35 lakh. The interest rate of the loan starts from 7.98%. The maximum tenure of the loan is 20 years. Customers with pre-existing loans can also transfer their loans.

Important takeaways for all competitive exams:

  • ICICI Home Finance Company Limited Headquarters: Mumbai, Maharashtra.
  • ICICI Home Finance Company Limited Chairman: Anup Bagchi.
  • ICICI Home Finance Company Limited Managing Director(MD) & Chief Executive Officer(CEO): Anirudh Kamani.

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